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    4647 Rte 20 Hwy Buckhannon, WV 26201

    • Commercial real estate
    • 2,500 SF
    • 1.37 lot acres
    For Sale
    View listing
    $180,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4647 Rte 20 Hwy

    Year built
    1970
    Lot size
    1.37 lot acres
    Property size
    2,500 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 4647 S ROUTE 20 Highway in Buckhannon, West Virginia, presents a unique investment opportunity. The property boasts a substantial 2,500 square foot building situated on a generous 1.37-acre lot, offering ample space for a variety of commercial ventures. Its strategic location along Route 20 ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The building's versatile layout provides flexibility for customization to suit diverse operational needs. The expansive lot offers potential for future expansion or additional development, providing significant growth opportunities for the astute investor. This property is priced competitively at $180,000, representing an excellent value in the current market. The substantial lot size and prime highway location combine to create a compelling investment proposition with significant upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. The property is categorized as "Other," suggesting a wide range of potential uses subject to local zoning regulations. Further due diligence is recommended to confirm suitability for intended purposes. This is a rare opportunity to acquire a well-positioned commercial property in a thriving West Virginia community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buckhannon
    County
    Upshur
    State
    West Virginia
    Longitude
    -80.2655
    Latitude
    38.9227

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      441 Rt. 20 Rd

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    • Value Estimation by Request
      22.32 Acres

      6277 Hackers Crk Rd

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      15.47 Acres

      Poinsetta Dr

      COMMERCIAL (GENERAL) • 15.47 Acres
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      0.06 Acres

      6 Florida St

      COMMERCIAL (GENERAL) • 0.06 Acres
      6 Florida St, Buckhannon, WV 26201
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      0.49 Acres

      18-6 Co Rd

      INDUSTRIAL - VACANT LAND • 0.49 Acres
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    • Value Estimation by Request
      0.35 Acres

      1285 Rte 20th S Rd

      MINI-WAREHOUSE, STORAGE • 0.35 Acres
      1285 Rte 20th S Rd, Buckhannon, WV 26201-4108
      View Details

    Similar Nearby for Sale

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    Buckhannon, WV 26201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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